Credit Card News

Visa, Walmart Call Truce – Consumers Win

Walmart Visa Reconcile

After battling it out in public for months, Walmart and Visa Canada have decided to make amends. Walmart has already started accepting Visa cards, after banning the network in all of its stores in Manitoba and Thunder Bay since last summer. While the chattering classes speculate who buckled and why, the truth is very few people actually know the outcome ... Read More »

MasterCard Increases Minimum Income Requirement On All World Elite Credit Cards

MasterCard minimum income

In what is believed to be an effort to comply with its agreement to keep its average interchange rate at or below 1.5%, MasterCard Canada has increased the minimum personal and household income requirements on all of its World Elite MasterCards, issued by all Canadian credit card issuers. Doing so would effectively reduce the number of cardholders with high interchange ... Read More »

Marriott Rewards and Starwood Preferred Guest Enhance Earning Opportunities for Canadians

Marriott Starwood Credit Card Earning Opportunities

Marriott has just improved its loyalty program for Canadians yet again, with the Marriott Rewards Visa credit card and the Starwood Preferred Guest credit card from American Express. Canadian cardholders will now be able to earn more points when staying at a Marriott or Starwood property. The new earning opportunities are the most recent changes Marriott has made since acquiring ... Read More »

Why You Should Root For Visa In It’s Battle With Walmart Canada

Visa Walmart Credit Card Interchange fees

In its ongoing feud with VISA over credit card fees, Walmart Canada stopped accepting Visa credit cards in its 16 stores in Manitoba, as of October 24th.  Walmart continues to threaten to ban Visa from the balance of its 400 Canadian stores if Visa doesn’t lower its interchange fees. The question is whether Canadians should be rooting for Walmart or Visa. ... Read More »

Ontario Bill To Protect Rewards Points Passes Second Reading

Protecting rewards Points Act

The Protecting Rewards Points Act (Consumer Protection Amendment), tabled by Ontario MPP Arthur Potts, passed its second reading on Thursday, October 27th. In a seeming reaction to the Air Miles decision to automatically expire Collector points after 5 years, Bill 47 proposes to amend Ontario’s Consumer Protection Act of 2002, so that companies can no longer expire consumer rewards points. The ... Read More »

Scotiabank Makes Changes To Credit Card Rewards and Insurance Programs

Changes to Scotia Rewards Program

Scotiabank is making several changes to its Scotia Rewards, credit card and credit card insurance programs. Most of the changes to the Scotia Rewards program will take effect November 7th, 2016, while the changes to its creditor insurance program will take effect December 12, 2016. Most of the changes seem to be improvements, although we did identify one incremental cost. Changes to ... Read More »

WestJet World Elite MasterCard Top Tier Status Promotion!

WestJet Top Tier Status Promotion

From October 3rd through December 18th, 2016, WestJet is launching a top tier status promotion for WestJet World Elite MasterCard cardholders. WestJet has announced that WestJet World Elite cardholders will be able to achieve Silver or Gold Status if they spend a minimum amount on WestJet flights during the promotional period. WestJet World Elite cardholders need to spend $1,000 on ... Read More »

Marriott Rewards and Starwood SPG Now Linked With Point Transfers

how merger will affect marriott starwood points

Marriott International, Inc. has concluded its acquisition of Starwood Hotels & Resorts Worldwide, adding 30 brands to its worldwide portfolio. The acquisition creates the world’s largest hotel company and for Canada specifically, there are now 211 hotels under the Marriott umbrella across the country. The acquisition adds to Marriott’s Canadian portfolio the Ritz, Sheraton, Westin, W Hotels, Le Méridien, Aloft and ... Read More »

Class Action Launched Against LoyaltyOne – Lessons Learned

air miles class action lawsuit

A class action lawsuit has been filed for certification against LoyaltyOne, owners of the Air Miles loyalty program. On Dec 31, 2011, Air Miles announced that all points accumulated prior to that time, would expire within 5 years, at Dec 31, 2016. Moreover, all points accumulated thereafter, would also automatically expire 5 years after they were accumulated. According to the ... Read More »